Kospi eyes 5,200 as Samsung hits 162,800 won and Hynix 851,000 won…Kosdaq up 3.7%

The Kospi is rising nearly 2% and is eyeing a break above the 5,200 level. The Kosdaq is also surging more than 3.7%.

As of 11:04 a.m. on the 28th, the Kospi was trading at 5,181.91, up 97.06 points (1.91%) from the previous session. It blasted through the 5,100 level at the open and has been extending gains since.

Retail investors are lifting the index, net buying 784.6 billion won worth of shares on the main board. Foreign investors and institutions, meanwhile, are selling 382.7 billion won and 369.9 billion won worth, respectively.

A strong risk-on tone is evident among the top market-cap names.

Samsung Electronics is up 2.07% at 162,800 won, while SK hynix is up 6.38% at 851,000 won. Strength in big tech stocks on Wall Street overnight appears to have spilled over into the Korean market.

SK Square, which holds a stake in SK hynix, is also up 6.13%.

LG Energy Solution is gaining 5.02% on news it is pushing to supply batteries to humanoid robot companies.

Hanwha Aerospace is up 3.13% and Hyundai Motor is rising 1.84%.

The Kosdaq is trading at 1,123.03, up 40.44 points (3.74%) from the previous session. In this market, institutions and foreign investors are buying 1.0447 trillion won and 294.6 billion won worth of shares, respectively, while retail investors are selling 1.2517 trillion won.

Among the Kosdaq’s top market-cap stocks, only Kolon TissueGene is declining.

Alteogen is up 7.23%. Ligachem Biosciences and Peptron are also rising 6.01% and 10.45%, respectively.

EcoPro BM and EcoPro are gaining 4.92% and 14.02%, respectively.

In the Seoul foreign exchange market, the won-dollar exchange rate is trading at 1,432.5 won per dollar, down 5 won (0.35%) from the previous session.

Han Kyung-woo, Hankyung.com reporter case@hankyung.com